Market Wizards

And you will see that the trades that really put in the money were trades that broke out of classical chart patterns and just never looked back.

Of all the times I've gotten together with market wizards, Richard, the thing I've never heard is, what RSI do you use? Do you use moving averages? Do you day trade? Those things are not discussed because those things, quite frankly, are not important.

Over a period of time, 80% of your trades will basically scratch each other out.

20% of the trades will give you the profit you need to be net profitable.

It takes a while to figure out how to trade.

Hey everyone, welcome back to another episode.

As always, we bring top traders, US investing champions, and market wizards here onto the show to share their journeys, their methods, their strategies, and the key principles that they wanna pass on to you guys to save you time, save you money, and improve your trading performance.

And if you love learning from great traders, we have two exclusive bonuses just for you.

Even the best traders go through drawdowns.

Yes, even me, an elite trader who's being featured in the next Market Wizards book out in June.

The truth is, some of the best traders have multi-month or even multi-year slumps.

Crazy mistakes happen, and your goal is to keep yourself in the game as long as possible.

Let's see.

So one of the books I recently read was the latest Market Wizards book.

That one is really good.

I think if you're a younger investor or trader and you're looking to be inspired and look for inspiration, I think that's a great book.

The same mental framework that gave me the edge to be one of the winningest players in poker is also what helped me win over $100 million in the markets.

For those that are new here, I'm Lance Brightstein, and my trading success has been verified in Market Wizards.

Now that I'm done training my health for wealth, I'm trying to help you stand a chance in this industry where most fail and only the best of the best survive.

Now, for those of you that are regulars to this channel, you probably still don't know that I actually once beat Phil Hellmuth, one of the winningest poker players of all time in a heads up poker battle to win a charity poker tournament.

Hey everyone, welcome back to another episode.

As always, we bring top traders, US investing champions, and market wizards here onto the show to share their journeys, their methods, their strategies, and the key principles that they wanna pass on to you guys to save you time, save you money, and improve your trading performance.

And if you love learning from great traders, we have two exclusive bonuses just for you.

Down below in the description, you'll find two resources.

The first is a breakdown of today's interview with key quotes, key takeaways, and key concepts that you can apply right away to your trading.

Second, just below that is something I'm very, very proud of.

It is 10 lessons from Market Wizards.

This combines 100 plus interviews that I've done, just like this one, and combines all that knowledge into one place.

Favorite investing book.

You know, I really like Jack Swager's Market Wizard and New Market Wizards.

I like those.

Were

I'm Lance, and after 15 years of sacrificing my health for wealth trading, I've achieved all my goals as a trader.

I made my bag, got featured in Market Wizards, and now I love mentoring traders like you.

So I'm here to level the playing field and give you the same education I gave traders on Wall Street so that you can learn from someone real how to sacrifice your health for that oh-so-good wealth.

So here's the thing.

Hey everyone, welcome back to another episode.

As always, we bring top traders, US investing champions, and market wizards here onto the show to share their journeys, their methods, their strategies, and the key principles that they wanna pass on to you guys to save you time, save you money, and improve your trading performance.

And if you love learning from great traders, we have two exclusive bonuses just for you.

Down below in the description, you'll find two resources.

The first is a breakdown of today's interview with key quotes, key takeaways, and key concepts that you can apply right away to your trading.

Second, just below that is something I'm very, very proud of.

It is 10 lessons from Market Wizards.

This combines 100 plus interviews that I've done, just like this one, and combines all that knowledge into one place.

I actually learned option trading from Larry Height, one of my direct mentors.

He was in the original Market Wizards book and the very first billion dollar hedge fund manager.

And the way that he described options to me, he's like, look, if you go deep in the money options, it's basically like futures leverage on every stock out there.

Once you understand that you can basically get for stocks for pennies on the dollar completely changes things.